Never too early, or late, to start saving

According to the 2018 EBRI/Greenwald Retirement Confidence Survey, two-thirds of American workers say they are confident they will have enough money to retire comfortably, yet…

21 percent of Americans have nothing at all saved for the future, and another 10 percent have less than $5,000 saved. (Northwestern Mutual 2018 Planning & Progress Study)

Those between the ages of 55 and 64 who have retirement savings only have a median of $120,000 saved.

61 percent of Americans don’t know how much money they’ll need to save for retirement. (Bankrate)

What gives? Not only are Americans seemingly unprepared for retirement, most don’t even know it. Social Security’s future is uncertain, private sector pension plans are disappearing, life spans are increasing, and health care costs are rising. Working
longer and living on less will be a harsh reality for many.

The good newsAs a public school employee, your employer contributes to the Wisconsin Retirement System on your behalf, covering a portion of your retirement needs. But that’s not all.

As a public school employee you are eligible to open a 403(b) retirement savings account. A 403(b) is a great opportunity to build additional savings with before- and/or after-tax contributions conveniently deducted from your paycheck. A
403(b) an help you achieve your retirement dreams, regardless of your age.

Early careerStart today. The longer your time horizon before retirement, the longer your money can work for you. You can start a 403(b) with as little as $20 per pay period. When selecting a provider, compare fees. Even one percentage point
can make a big difference in your account balance at retirement.

Mid-careerTake time to calculate your retirement income needs. Our retirement planning calculators can help you approximate how much you need to save, determine the impact of changing your retirement savings payroll deductions, ascertain projected shortfall or surplus at retirement, and more.

Work toward contributing the maximum allowed. Include after-tax (Roth) contributions, if available in your district, to your 403(b) account to help reduce your tax liability in retirement. Please check with your employer for the availability of after-tax
contributions.

Member Benefits' 403(b) programMost public school employees in Wisconsin have access to Member Benefits' 403(b)—a program recognized nationally (Forbes and LA Times) for its sound management and low fees. Call one of our consultants at
1-800-279-4030 for more information.

Interest is compounded daily to produce a 3.15% yield net of Prudential's administrative fee of 0.60%. PRIAC is compensated in connection with this product by deducting an amount for investment expenses and risk from the investment experience of certain
assets held in PRIAC's general account. For more information, go to weabenefits.com/pru.

Target retirement funds invest in a mix of stock and bond funds that steadily become more conservative as they approach their target date. Target retirement funds are not guaranteed and may gain or lose value now and after their target date.

Keep in mind that mutual fund investments are not guaranteed and may gain or lose value. Past performance is no guarantee for future results. Future performance may be lower or higher than past performance. Before investing in any mutual fund, call WEA Member Benefits at 1-800-279-4030 to request a prospectus. We advise you to read it carefully and consider the fund's investment objectives, risks, charges, and expenses carefully before investing. The prospectus contains this and other information about the investment company.

Seminars are free to attend; however, if you choose to invest in the WEA Tax Sheltered Annuity or WEAC IRA program, fees will apply. Consider all expenses before investing.

This is for informational purposes only and is not intended to constitute legal, financial, or tax advice. Certain recommendations or guidelines may not be appropriate for everyone. Consult your personal advisor or attorney for advice specific to your unique circumstances before taking action.

Equipment Breakdown insurance is underwritten by Mutual Boiler Re.

The Trustee Custodian for the Personal Investment Accounts
is Mid Atlantic Trust Company. The Personal Investment Account Program is
offered by WEA Financial Advisors, Inc., a registered and investment advisor
under the WEA Member Benefit Trust.